701 BALCONES DR # A College Station TX 77845-5151

Fox Meadows, a 32-unit complex, and Midtown, a 42-unit property, and Woodsman, a 12-unit complex. The seller is very motivated and it can be purchased separately.  All three assets are beautiful, class A student housing communities located approximately five minutes from the Texas A&M Campus.

Investment Highlights:

• Strategic Location--Located near Texas A & M University campus, which boasts an enrollment of  over 68,625 students. 

• Attractive Assets--Built as class “A” student housing, Fox Meadows and Midtown sit on large tracts of  land (2.51 acres and 3.6 acres, respectively.) Fox Meadows offers three bedroom, two bath (1,300 SF) units, and Midtown offers four bedroom, three bath (1,700 SF) units. 

• Strong Value Add Opportunity--Strategic cosmetic improvements and other repositioning effects may leverage below-market rents of $60/bed or $180/unit. 

• Local Amenities--The properties are proximate to grocery stores, banks, parks, dining and entertainment.

VALUE-ADD SUGGESTIONS

• Furnished model unit turn into rental unit, $22,000+ more income per year

• Add faux wood flooring to wet areas

• Install new stainless appliances

• Update counter tops with granite-like surfaces

• Refinish cabinet doors and add brushed nickel hardware 

• Upgrade lighting